Pixelworks (NASDAQ:PXLW) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.09 and traded as high as $7.17. Pixelworks shares last traded at $6.91, with a volume of 30,272 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.00.

Pixelworks Stock Up 0.3%

The company has a market capitalization of $41.93 million, a P/E ratio of -4.25 and a beta of 1.75. The business’s 50-day moving average price is $6.24 and its 200 day moving average price is $6.09.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter. Analysts anticipate that Pixelworks, Inc. will post -1.58 EPS for the current fiscal year.

Insider Buying and Selling at Pixelworks

In other news, CFO Haley F. Aman sold 8,157 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $54,978.18. Following the completion of the sale, the chief financial officer directly owned 94,134 shares of the company’s stock, valued at approximately $634,463.16. The trade was a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd Debonis sold 7,917 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $53,360.58. Following the completion of the transaction, the chief executive officer directly owned 256,392 shares in the company, valued at approximately $1,728,082.08. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Pixelworks during the second quarter valued at about $465,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Pixelworks by 26.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 7,904 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Pixelworks in the 4th quarter valued at about $73,000. Bleichroeder LP purchased a new stake in Pixelworks during the 4th quarter valued at about $1,278,000. Finally, Potomac Capital Management Inc. purchased a new stake in Pixelworks during the 4th quarter valued at about $1,272,000. 21.37% of the stock is currently owned by institutional investors.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.